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Sungarner Energies Ltd

Registered Office : 1/5322 S/F Plot No. 19A,Gali No. 13 Balbir Nagar Ext.,New Delhi Delhi 110032 Phone : 917428296411
Fax :

Email : legal@sungarner.com ; cfo@sungarner.com

Website : www.sungarner.com

Initial public offer of 6,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Sungarner Energies Limited ("Issuer" or the "Company") for cash at a price of Rs. 83/- per equity share ("Issue Price") (including a share premium of Rs. 73/- per equity share), aggregating to Rs. 5.31 crores ("The Issue"), out of which, 57,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 83/- per equity share aggregating to Rs. 0.48 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 5,82,400 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 83/- per equity share aggregating to Rs. 4.83 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.60% and 25.12%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 83/- is 8.3 times of the face value. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Issue

Opens On

Closes On

21-Aug-2023

23-Aug-2023

Money Payable On

Application

Allotment

83.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

4.61

5.31

2.32

83.00

Fast Track Finsec Pvt Ltd

Projects

Working Capital Requirement

General Corporate Purposes

Promoted By

Sumit Tiwari

Snigdha Tiwari

Listing At

NSE - SME

Registrar to the Issue

Skyline Financial Services Pvt